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ABM

ABM Industries Incorporated

ABM

ABM Industries Incorporated • NYSE
$43.00 ▲ 0.05% (+0.02)
Market Cap $2.70 B
52w High $57.93
52w Low $40.00
Dividend Yield 1.06%
P/E 23.24
Volume 128.07K
Outstanding Shares 62.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.224B ▲ $177.5M ▲ $41.8M ▼ 1.879% ▼ $0.67 $112.2M ▲
Q2-2025 $2.112B ▼ $175.1M ▼ $42.2M ▼ 1.998% ▼ $0.67 ▼ $109.4M ▲
Q1-2025 $2.115B ▼ $182.2M ▼ $43.6M ▲ 2.062% ▲ $0.7 ▲ $103.4M ▼
Q4-2024 $2.177B ▲ $334.7M ▲ $-11.7M ▼ -0.537% ▼ $-0.19 ▼ $178.2M ▲
Q3-2024 $2.094B $225.8M $4.7M 0.224% $0.074 $64M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $69.3M ▲ $5.271B ▼ $3.44B ▼ $1.831B ▲
Q2-2025 $58.7M ▼ $5.311B ▲ $3.486B ▲ $1.824B ▲
Q1-2025 $59M ▼ $5.217B ▲ $3.438B ▲ $1.779B ▼
Q4-2024 $64.6M ▼ $5.097B ▲ $3.315B ▲ $1.782B ▼
Q3-2024 $86.3M $5.04B $3.205B $1.835B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $41.8M ▼ $174.9M ▲ $-43.2M ▼ $-121.2M ▼ $10.6M ▲ $150.1M ▲
Q2-2025 $42.2M ▼ $32.3M ▲ $-17.2M ▼ $-18.2M ▼ $-300K ▲ $15.2M ▲
Q1-2025 $43.6M ▲ $-106.2M ▼ $-14.4M ▼ $116.9M ▲ $-5.6M ▲ $-122.9M ▼
Q4-2024 $-11.8M ▼ $30.4M ▼ $-14M ▲ $-38.5M ▼ $-21.7M ▼ $15.6M ▼
Q3-2024 $4.7M $79.4M $-129.3M $75M $25.6M $63.9M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
Building And Energy Solutions
Building And Energy Solutions
 $170.00M ▲$180.00M ▲$210.00M ▲$260.00M ▲
Facility Services
Facility Services
 $310.00M ▲$280.00M ▼$290.00M ▲$290.00M ▲
Janitorial
Janitorial
 $1.28Bn ▲$1.26Bn ▼$1.28Bn ▲$1.30Bn ▲
Parking
Parking
 $200.00M ▲$190.00M ▼$200.00M ▲$210.00M ▲

Five-Year Company Overview

Income Statement

Income Statement ABM has grown its sales steadily over the last few years, showing it can win and keep business in a tough, contract-based industry. However, profits have not kept pace. Margins improved coming out of the pandemic but dropped sharply in the most recent year, with earnings falling even as revenue reached new highs. That pattern suggests cost pressure, mix shifts, or one-time items weighing on profitability. Overall, this looks like a company that can grow the top line but is still working to translate that growth into consistent, stronger bottom-line performance.

Balance Sheet

Balance Sheet The balance sheet shows gradual growth in assets and equity, but also a meaningful rise in debt over the period. Cash on hand remains relatively modest, which is common in service businesses but leaves less cushion for surprises. Leverage is higher than a few years ago, so the company is more reliant on borrowed money than before, but not in an obviously extreme way based on the size of the business. The picture is one of a reasonably solid but more leveraged balance sheet that needs ongoing, healthy cash generation to stay comfortable.

Cash Flow

Cash Flow Cash generation has been generally positive but somewhat uneven. Most years show solid operating cash flow and healthy free cash flow after investment, with one recent year standing out as notably weak. Capital spending has been relatively modest and stable, which helps support free cash flow. Overall, ABM appears capable of funding its operations and investments from its own cash generation most of the time, but the volatility in one year underscores that cash flow is an important metric to keep watching, especially given the higher debt load.

Competitive Edge

Competitive Edge ABM operates in a highly competitive, low-margin industry where many players offer similar basic services. Its main strengths are scale, brand, and breadth of services: it serves a very large number of sites, works with many blue-chip clients, and can bundle cleaning, engineering, parking, and other services into integrated contracts. This “one-stop” model, combined with long operating history, creates switching costs for clients and some stickiness in relationships. At the same time, pricing pressure and constant bidding remain structural realities, so maintaining differentiation through technology, service quality, and specialized expertise is critical to defending its position.

Innovation and R&D

Innovation and R&D ABM is making a clear push to stand out through technology and innovation in what has traditionally been a very manual business. It has ramped up technology spending dramatically, building platforms like ABM Connect for data-driven facility management, using AI for smart routing and predictive maintenance, and deploying robotics for repetitive tasks. It is also expanding into higher-value technical areas such as EV charging, microgrids, and power resiliency, supported by targeted acquisitions and venture-style partnerships. This strategy could move the company up the value chain and improve margins over time, but it also carries execution risk: the challenge is to integrate these tools into daily operations, prove their value to customers, and earn an economic return on the much higher tech investment.

Summary

ABM looks like a mature service company in the middle of a strategic shift. It has shown consistent revenue growth and built a sizable, diversified customer base, but recent profit compression highlights the difficulty of improving margins in a cost-sensitive industry. The balance sheet is reasonably sound but more debt-heavy than a few years ago, which increases the importance of steady cash flow. The core opportunity lies in using technology, data, and specialized technical solutions to differentiate from basic service providers and capture higher-value work, especially in areas like electrification and sustainability. The key uncertainties are whether this innovation push will translate into better and more stable profitability, and how effectively ABM can balance ongoing investment, debt levels, and cash generation as it executes this transformation.

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